On May 5th, the U.S. economic landscape will be scrutinized as various PMI indicators are set to be released. Analysts predict a **slower** economic momentum paired with **persistent inflationary pressures**. Market expectations suggest the S&P Services PMI will dip to 52.1 and the Composite PMI to 52.2, signifying a potential deceleration in **economic expansion**. Conversely, the ISM Non-Manufacturing PMI might gain, forecasted to rise to 52.6, suggesting that the service sector remains resilient amidst these shifts. The employment index is expected to enhance to 47.7, although it still indicates contraction below the critical 50 threshold. Price pressures remain, with a projected increase in the **price paid index** to 62.6, underscoring concerns of continued inflation.
In the crypto arena, Bitcoin (BTC) faced a retreat from a peak of $97,800 to $93,400, amplifying **volatility** in the short term. Despite notable ETF inflows, investor sentiment is tempered as market participants remain wary about the Federal Reserve’s impending policy adjustments. Analysts at Bitunix point out that BTC’s **support level** at $93,000 is critical; a drop below this could signal deeper price corrections ahead. Investors are advised to proceed with caution, maintain agility in their trading strategies, and stay attuned to the evolving economic indicators and policy developments.